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Namibia intends to gear up trade with Russia

Namibia intends to gear up trade with Russia

Niël Terblanché

A DRAFT Memorandum of Understanding signed between Namibia and Russia with regard to especially rail transport is going to be revisited to implement increased trade between the two countries.

 

The Office of the Prime Minister during a recent Cabinet session reported on the 8th Session of the Inter-Government Commission on Trade and Economic Cooperation between Namibia and the Russian Federation which was held in Windhoek from 22-23 May of this year.

 

During the summit Namibia and Russia signed several Memoranda of Understanding geared towards enhancing economic cooperation. The agreements covered areas such as aviation, fertilisers for agricultujral purposes, value addition in the mining sector, transport, energy, education and infrastructure development, as well as cultural exchanges.

Pictured: Participants in the 8th Session of the Inter-Government Commission on Trade and Economic Cooperation between Namibia and the Russian Federation which was held during May. – Photo: Contributed

During the latest session of Cabinet the decision was taken that the that Ministry of Works and Transport must consult the relevant stakeholders on the Draft Memorandum of Understanding between Namibia and Russia Export Investment CC (NARU) and the United Wagon Company.

 

The United Wagon Company is Russia’s leading and one of the world’s biggest manufacturers of rail freight cars. The Company is on the Russian Ministry for Economic Development list of strategically important organizations.

 

United Wagon Company operates a railway holding comprising a few enterprises located in Leningrad and Udmurtiya region which includes Tikhvin Freight Car Building Plant, TikhvinChemMash, TikhvinSpetsMash, NPC Springs“, transport company UNICON 1520 and leasing companies under the RAIL1520 brand, as well as the car-repair enterprise TAP Titran-Express.

 

With regards to the other agreements reached in May the Ministry of Mines and Energy was directed by Cabinet to consult with relevant stakeholders and consolidate the inputs provided by the Russian delegation into the draft agreement on cooperation in the area of utilisation of nuclear energy for peaceful purposes such as generating electricity.

 

Ministry of Environment and Tourism was tasked to finalise the MoU on Cooperation between Namibia and Russian Federation in the sphere of tourism. The two countries already signed an earlier agreement in this regard during 2010. The MoU was revised in May and should now be finalised.

 

Cabinet also directed that the Ministry of Justice must finalise the internal consultations on the Treaty between the Russian Federation and the Republic of Namibia on extradition.

 

In the same vein the Ministry of Safety and Security was tasked to conclude the Action Plan in accordance with the Memorandum of Understanding (MoU) signed in Moscow earlier this year for implementation;

 

The Minister of International Relations and Cooperation, Netumbo Nandi-Ndaitwah, said during the summit that Namibia and Russia are friends that have come a long way and that relations needs to be nourished and maintained by using platforms such as the Namibia-Russia Inter-Governmental Commission and Economic Cooperation.

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